U.S economy grew 1.9% in 2013
U.S. economy grew 3.2% in the fourth-quarter of 2013, which is higher than average estimate of 3.0%. According to report released today, despite some difficulties in the economy such as fiscal contractionary policy in some areas, U.S GDP grew yearly 1.9% in 2013 compared to 2012. The personal consumption, exports and fixed investments contributed to the economic growth although there was a decrease in government spending.